Square today opened its Square Cash service to the public, allowing users in the United States to send money using just an email and a debit card. The service is designed to be simple, and money can be sent by sending an email to the intended recipient with a dollar amount in the subject line and cash@square.com in the CC field.

To go along with the service, Square has released a new Square Cash iOS app, designed to simplify the process even further. After installing the app, it can be used to enter a dollar amount, which is then automatically entered into an email template to complete the money sending process.

squarecash

Send money to anyone with an email address. It’s fast, safe, and free!

No account needed. Just securely link your debit card to start sending money. It’s free to send, and free to receive money directly to your U.S. bank account.

Secure. Your financial information is entered through a secure connection and kept private. You can confirm or reject any transfer.

Fast. Money automatically deposits to your bank account within 1–2 business days.

Users that are new to the service will get an email from Square that includes a link to a secure website where debit card numbers can be entered. An account only needs to be set up once; after a debit card is stored, it can be used for each transaction. Payments take one to two business days to clear, and Square Cash is free for both senders and receivers. There is, however, a $2,500 per week sending limit, and the service is limited to users in the United States.

Square Cash can be downloaded from the App Store for free. [Direct Link]

Top Rated Comments

fhall1 Avatar
136 months ago
assuming this won't be possible to use on ebay? since ebay just bought paypal?

just??? ebay bought paypal in July 2002!
Score: 4 Votes (Like | Disagree)
2457282 Avatar
136 months ago
This could be huge. If this goes beyond the US, this could kill Western Union which charges huge amounts for immigrants that send money to their families abroad. Square has already proven itself as being secure in the money transaction handling, so I don't see security as a big problem.
Score: 2 Votes (Like | Disagree)
mrfletch Avatar
136 months ago
I believe the sender is charged $0.50 per transaction.

Sending $10 actually charges $10.50 to your account if I recall correctly.
Score: 2 Votes (Like | Disagree)
jayducharme Avatar
136 months ago
Secure. Your financial information is entered through a secure connection and kept private.

Yeah, I've heard that before....

I do not have any protection if my debit card is stolen ( on the credit card side, any liability is borne by the bank).

That's my big concern as well. I'd feel more comfortable if the account was tied to my credit card, not my debit.
Score: 1 Votes (Like | Disagree)
polymersayb Avatar
136 months ago
I believe the sender is charged $0.50 per transaction.

Sending $10 actually charges $10.50 to your account if I recall correctly.
The website claims it's free, and FWIW the temporary charge on my card is exactly $2 (not $2.50). It was $0.50 in the beta I think (I checked it out a little while ago but didn't know anyone to hook me up). I guess this is a loss leader to advertise their register? Well I'm fine with that. I'm fine with $0.50 as well if they want to charge in the future.
Score: 1 Votes (Like | Disagree)
joelisfar Avatar
136 months ago
Seems strange how this has nothing to do with cash as in paper money. I guess they're trying to make people forget about that.
Score: 1 Votes (Like | Disagree)

Popular Stories

iPhone 16 Camera Lozenge 2 Perspective Gray

Five Key Upgrades Coming to iPhone 16

Friday March 15, 2024 1:45 pm PDT by
The iPhone is Apple's top-selling product, and it gets an update every year. In 2024, we're expecting the iPhone 16 and iPhone 16 Pro lineup, with an arguably more interesting feature set than we got with the iPhone 15 and iPhone 15 Pro. Subscribe to the MacRumors YouTube channel for more videos. Capture Button All four iPhone 16 models are set to get a whole new button, which will be...
When To Expect New iPads Feature 1

Apple to Announce New iPads on March 26, Rumors Claim

Monday March 18, 2024 4:02 am PDT by
Apple is widely expected to release new iPad Air and OLED iPad Pro models in the next few weeks. According to new rumors coming out of Asia, the company will announce its new iPads on Tuesday, March 26. Chinese leaker Instant Digital on Weibo this morning 日发布%23">claimed that the date will see some sort of announcement from Apple related to new iPads, but stopped short of calling it an...
airpods 3 orange

Two New AirPods 4 Models Expected to Launch in September or October

Sunday March 17, 2024 7:56 am PDT by
Apple suppliers will begin production of two new fourth-generation AirPods models in May, according to Bloomberg's Mark Gurman. Based on this production timeframe, he expects the headphones to be released in September or October. Gurman expects both fourth-generation AirPods models to feature a new design with better fit, improved sound quality, and an updated charging case with a USB-C...
iphone se 4 modified flag edges

iPhone SE 4 Expected to Depreciate Heavily

Tuesday March 12, 2024 9:04 am PDT by
Resale value trends suggest the iPhone SE 4 may not hold its value as well as Apple's flagship models, according to SellCell. According to the report, Apple's iPhone SE models have historically depreciated much more rapidly than the company's more premium offerings. The third-generation iPhone SE, which launched in March 2022, experienced a significant drop in resale value, losing 42.6%...
iOS 17 Passkey With Apple ACCOUNT Feature

'Apple ID' Expected to Change to 'Apple Account' Starting With iOS 18

Sunday March 17, 2024 7:13 am PDT by
MacRumors was first to report that Apple was planning to rebrand "Apple ID" to "Apple Account" across its software platforms and websites like iCloud.com as early as this year, and now Bloomberg's Mark Gurman has corroborated this change. A mockup of the new Apple Account branding In his Power On newsletter today, Gurman said the new "Apple Account" branding will start to be used later this...
General iOS 17 Feature Orange Purple

iOS 17.4.1 Update for iPhone is Imminent

Monday March 18, 2024 5:27 am PDT by
iOS 17.4.1 and iPadOS 17.4.1 should be released within the next few days, with a build number of 21E235, according to a source with a proven track record. MacRumors previously reported that Apple was internally testing iOS 17.4.1. As a minor update for the iPhone, it will likely address software bugs and/or security vulnerabilities. It is unclear if the update will include any other changes. ...